Texas brothers held a family hostage at gunpoint in Minnesota for eight hours, stole $8 million in cryptocurrency assets, and could face 20 years in prison.

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Golden Finance reported that on June 20, according to the U.S. Department of Justice, 25-year-old Icia Garcia and 24-year-old Raymond Garcia, brothers, pleaded guilty on Thursday in Federal Court in Minneapolis, admitting that on September 19, 2025, they traveled from Texas to Grant, Minnesota, armed with a gun, broke into a home, bound the victims and their family members with zip ties, and coerced them to hand over access to their cryptocurrency account(s).
Icia then escorted a victim to a vacation cabin belonging to the family in northern Minnesota, forcing them to retrieve additional crypto storage devices and complete a transfer. The entire robbery operation lasted more than 8 hours, with more than $8 million in cryptocurrency assets stolen in total. Ultimately, the victim’s son called 911; the brothers fled the scene, but investigators identified the suspects based on items left inside the house and arrested them near Houston.
Both men admitted to threatening the victims with a gun and have agreed to return more than $8 million in stolen proceeds. For each robbery count, the maximum penalty is up to 20 years of federal imprisonment, and the sentencing date has yet to be determined.
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